RSS   Newsletter   Contact   Advertise with us

MagnaChip Semiconductor Q1 revenue $164.9 million

Staff writer ▼ | June 1, 2015
MagnaChip Semiconductor Corporation announced financial results for the first quarter ended March 31, 2015. Revenue was $164.9 million, a 1.7% decline compared to $167.7 million for Q4 2014 and flat compared to $164.2 million for Q1 2014.
MagnaChip Semiconductor
MagnaChip Semiconductor   A 1.7% decline in Q1 revenue
Gross profit was $35 million or 21.2%, as a percent of revenue, for the first quarter of 2015. This compares to gross profit of $34.5 million or 20.6% for the fourth quarter of 2014 and $40.3 million or 24.5% for the first quarter of 2014.

Net loss, on a GAAP basis, for the first quarter of 2015 totaled $20.0 million or $0.59 per diluted share. This compares to a net loss of $63.8 million or $1.87 per diluted share for the fourth quarter of 2014 and a net loss of $21.6 million or $0.63 per diluted share for Q1 2014.

Net loss was impacted primarily by lower revenue and gross margin as well as by substantial accounting, legal and other related costs associated with our restatement and certain related litigation and other regulatory investigations and actions.

Adjusted net loss, a non-GAAP measurement, for the first quarter of 2015 totaled $9.6 million or $0.28 per diluted share compared to an adjusted net loss of $10.8 million or $0.32 per diluted share for the fourth quarter of 2014 and an adjusted net loss of $6.4 million or $0.19 per diluted share for the first quarter of 2014.


 

MORE INSIDE POST